The ICIS global biodiesel report gives you the complete view of the global biodiesel market and ability to track the market movements, regardless of whether you are located in Asia, Europe or the Americas.
The comprehensive report enables you to quickly assess the markets and gain deeper insight on the ever-changing biodiesel markets.
Global biodiesel prices are also available via FTP.
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Updated to Q3 2017
PME biodiesel supply in SE Asia remained generally stable through Q3 with market fundamentals remaining essentially unchanged. SE Asian biodiesel producers continued to produce mainly to meet domestic blending mandate requirements while prices of regular diesel remained much lower. Capacity expansion was generally muted due to the lack of export demand.
PME biodiesel market remained muted through Q3. Malaysian biodiesel producers exported products mainly to the EU while Indonesian producers saw limited export due to anti-dumping duties. The US in August introduced preliminary ADDs on Indonesian biodiesel, while the EU did not make any decision on lowering ADD rates for Indonesian PME.
Updated to Q3 2017
Prolonged tightness was seen in the European rapeseed methyl ester (RME) market throughout the third quarter. RME supply was very limited throughout the quarter, caused by delays in receiving the upstream rapeseed crop. The crop was also said to be low this year, due to weather issues in the region.
Because of the limited availability, RME and fatty acid methyl ester (FAME) 0 were trading largely at parity for several weeks, despite the generally weaker demand for RME in the summer months.
Seasonally higher demand for European fatty acid methyl ester (FAME 0) saw prices generally increase through Q3. Towards the end of the quarter FAME 0 demand slipped as a result of the expected switch to winter grade biodiesel. Rapeseed methyl ester (RME) buying interest increased for the same reason, with RME typically used more in the winter months. For most of Q3, European players were waiting for a decision from the European Commission concerning the possible lowering of anti-dumping tariffs on Argentine and Indonesian biodiesel, which stalled demand in August.
Updated to Q3 2017
The US biodiesel industry has faced unprecedented uncertainty following President Donald Trump's administration's indecision regarding the Renewable Volume Obligation (RVO) and changing the point of obligation for blending.
The Renewable Fuel Standard (RFS) biofuel volume mandate for 2017 took effect after the Trump administration's regulatory freeze expired in late March.
For 2017, the EPA's volume requirements for advanced biofuels are 4.28bn gal (16.2bn litres) and for all renewable fuels 19.28bn gal as decided in November 2016. The EPA has set the volume requirement for biomass-based diesel to 2.0bn gal for 2017 (up from 1.9bn gal in 2016) and 2.1bn gal for 2018.
In September, the renewable fuels industry was sent into turmoil as the EPA discussed changing the blend volumes mandated by the government to lower levels.
The ICIS global biodiesel report offers weekly spot prices and market developments on all mainstream grades of biodiesel in Asia, Europe, US and Argentina, all in one publication.
The report includes price quotes for rapeseed methyl ester (RME), soy methyl ester (SME), fatty acid methyl ester (FAME) and palm methyl ester (PME).
The spot price assessments are based on FOB (free on board) NWE (northwest Europe), FOB Rotterdam, CIF (cost, insurance & freight) ARA (Amsterdam-Rotterdam-Antwerp), T2, FOB Rosario, FOB Midwest, FD (free delivered) Midwest, FOB USG (US Gulf) and FOB SE Asia (southeast Asia).
In addition, it provides key transaction summaries and production news, including plant operating rates, new plant capacities, start-ups, scheduled and unplanned shutdowns.
Contract prices of feedstocks such as vegetable oil, ICE gasoil and crude glycerine are also included for reference.
All the price assessments are generated based on information collected from producers, distributors, traders and end-users, among other sources, collected by locally based editors throughout the week.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Biodiesel. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enable you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Biodiesel, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.